AUD / USD
| Commentary : The Aussie spikes up sharply on Monday and hits highest level at $0.7908 mark since March 2018. On a Day as well as H1chart, RSI and triple EMA confirm the obvious bullish trend. A sustained close above $0.7913 on a Day chart requires for the upside rally. Alternatively, a consistent close below $0.7799 will test key supports too. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 0.7913 | S1 | 0.7799 |
| R2 | 0.7940 | S2 | 0.7735 |
| R3 | 0.7988 | S3 | 0.7690 |
| R4 | 0.8038 | S4 | 0.7638 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 0.79097 | Sell Below : 0.78528 | ||
| – Take Profit : 0.79369 | – Take Profit : 0.78237 | ||
| – Stop Loss : 0.78774 | – Stop Loss : 0.78838 | ||
EUR / USD
| Commentary : The euro trades marginally higher ahead of German’s IFO Business Climate data. The pair made intraday high at $1.2135 and low at $1.2112 mark. Triple EMA suggests bullish trend on H1 chart. The key boundaries for the parity will be $1.2097 to $1.2147 mark. A sustained close of either side on H1 chart will provide further direction to the parity. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2147 | S1 | 1.2080 |
| R2 | 1.2170 | S2 | 1.2020 |
| R3 | 1.2205 | S3 | 1.1961 |
| R4 | 1.2264 | S4 | 1.1900 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.21438 | Sell Below : 1.21034 | ||
| – Take Profit : 1.21631 | – Take Profit : 1.20846 | ||
| – Stop Loss : 1.21631 | – Stop Loss : 1.21259 | ||
GBP / USD
| Commentary : The pound continues to trade higher and touches $1.4052 mark in early Asia. The country has started to drive down cases of the more infectious South African variant of coronavirus and will only emerge from lockdown in stages. In addition, U.K. Prime Minister Boris Johnson set out his plan to ease restrictions in England too. The faster than expected vaccine rollout is reducing transmission and a key factor to make sterling stronger currency. The Day and H1 chart confirm the bullish trend in short run. The expected range for the parity will be $1.4105 to $1.3951 mark. A consistent close of either side will give future directions to the parity. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.4066 | S1 | 1.3951 |
| R2 | 1.4105 | S2 | 1.3901 |
| R3 | 1.4138 | S3 | 1.3856 |
| R4 | 1.4187 | S4 | 1.3767 |
| BUY | SELL | ||
 |  | ||
| Buy Above : 1.40481 | Sell Below : 1.39841 | ||
| – Take Profit : 1.40924 | – Take Profit : 1.39543 | ||
| – Stop Loss : 1.40026 | – Stop Loss : 1.40206 | ||
USD / CAD
| Commentary : The Canadian dollar appreciates noticeably on Monday and touches 1.2580 mark. It is the strongest level since April 2018. The pair made intraday high at 1.2618 and low at 1.2580 mark. Triple EMA on H1 and a Day chart confirm the bearish trend. A sustained close above 1.2642 on a H1 requires for the upside rally. Alternatively, current downside movement will check further supports. | |||
| Indicators | H1 | ||
| Trends | Down Trend | ||
| Moving Average (Period=75) | Below MA | ||
| RSI (Period=26) | Below RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1.2642 | S1 | 1.2544 |
| R2 | 1.2674 | S2 | 1.2527 |
| R3 | 1.2730 | S3 | 1.2495 |
| R4 | 1.2784 | S4 | 1.2411 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1.26328 | Sell Below : 1.25859 | ||
| – Take Profit : 1.26671 | – Take Profit : 1.25575 | ||
| – Stop Loss : 1.25973 | – Stop Loss : 1.26173 | ||
USD / JPY
| Commentary : The Japanese yen starts a new week on a lower note as Japan’s SPPI data misses the expectations and pair touches 105.73 mark in Asian hours. On H1 Chart, triple EMA suggesting some downside pressure but on a Day Chart a visible bullish pattern has observed. A sustained close above 105.76 on H1 chart is required for the upside rally. Alternatively, reversal from here will take the parity down back below 105.40 mark. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 105.92 | S1 | 105.37 |
| R2 | 106.38 | S2 | 105.22 |
| R3 | 106.78 | S3 | 104.80 |
| R4 | 107.23 | S4 | 104.55 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 105.763 | Sell Below : 105.487 | ||
| – Take Profit : 105.958 | – Take Profit : 105.280 | ||
| – Stop Loss : 105.546 | – Stop Loss : 105.756 | ||
GOLD
| Commentary : Gold starts a new week on slightly positive note and remains well supported below $1,800 mark. The triple EMA on a Day chart still showing some downside pressure but in short run, the parity may give some upside correction. The key boundaries for the parity will be $1,792 to $1,775 mark. A sustained close of either side on a H1 chart will provide further direction to the parity. This week is full of Fundamental news and events from the U.S., the outcome of actual data will only provide future path of the parity. | |||
| Indicators | H1 | ||
| Trends | Up Trend | ||
| Moving Average (Period=75) | Above MA | ||
| RSI (Period=26) | Above RSI LEVEL 50 | ||
| FIBO Levels | PIVOT | – | |
| R1 | 1792 | S1 | 1775 |
| R2 | 1798 | S2 | 1760 |
| R3 | 1804 | S3 | 1752 |
| R4 | 1815 | S4 | 1747 |
| BUY | SELL | ||
 |  | ||
| Trade Idea | Trade Idea | ||
| Buy Above : 1788.84 | Sell Below : 1778.74 | ||
| – Take Profit : 1797.19 | – Take Profit : 1772.21 | ||
| – Stop Loss : 1780.02 | – Stop Loss : 1786.57 | ||
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